There is no doubt that technology has taken over people’s everyday life, especially internet.

With some simple ideas, Dropbox‘s CEO Drew Houston, as an entrepreneur,  was able to critically define the opportunities in technology industry and establish a business, Dropbox, to satisfy the enormous demand for data sharing around the globe. As high tech is becoming the main trend in today’s society, the IPOs for businesses like Dropbox and other social medias are expected to be highly popular and to start entering the stock market after Twitter’s IPO that was published recently.

With such a great potential in high tech  business, it might be one of the reasons why Snapchat, the coolest app that William mentioned in his blog post, declined the 3 billion offer from Facebook. In addition, another reason why Snapchat rejected Facebook’s offer is due to the unique product differentiation and potential increasing demand of Snapchat in the future.

After all, to become a successful entrepreneur like Houston does not require any fancy ideas and product. The key to success is simply the ability to identify the potential demand and to develop an effective yet efficient way to satisfy the demand.